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Thursday July 19, 2018

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Corporate Governance and Risk Management
Business
Tuesday February 13 2018

Corporate Governance and Risk Management

It is public knowledge in NZ that Fletcher Construction has taken a large profit write down on two significant projects in Auckland and Christchurch to the...

Canadian Arm of U.K. Carillion Files for Creditor Protection
Business
Tuesday January 30 2018

Canadian Arm of U.K. Carillion Files for Creditor Protection

Carillion Canada has been granted protection from creditors by the Ontario Superior Court under the Companies' Creditors Arrangement Act.

Fletcher’s ‘Tough year’
Business
Thursday August 17 2017

Fletcher’s ‘Tough year’

Fletcher Building chairman Sir Ralph Norris has stopped short of accepting responsibility for losses in construction projects and says chief executive Mark Adamson was dumped after...

Fletcher Building Plunges
Business
Friday July 21 2017

Fletcher Building Plunges

New Zealand shares fell on Thursday, dragged lower by Fletcher Building hitting a six-week low, as the company's board advised a second large earnings downgrade this...

CSR Shares Slide on Weak Aluminium Result
Business
Thursday May 11 2017

CSR Shares Slide on Weak Aluminium Result

Shares in CSR have fallen sharply after earnings in the building products supplier's aluminium division took a fall.

Project Losses Hit Fletcher’s Earnings
Business
Monday March 20 2017

Project Losses Hit Fletcher’s Earnings

Fletcher Building has sliced about 15 per cent from its annual earnings guidance after the prognosis for two major construction projects deteriorated, prompting an overhaul of...

Miners Look to Disguise Weak Earnings
Mining
Thursday February 2 2017

Miners Look to Disguise Weak Earnings

A buoyant mining sector is expected to disguise soft half year earnings reports from many listed companies over the coming month, according to Bennelong Australian Equity...

HEB Construction Sinks into the Red
Business
Friday January 27 2017

HEB Construction Sinks into the Red

HEB Construction sank into the red last year after it wrote down the value of a major project by almost $31 million.

SNC-Lavalin Earnings Plummet
Business
Tuesday November 15 2016

SNC-Lavalin Earnings Plummet

SNC-Lavalin says its earnings plummeted in the third quarter due to unfavourable conditions at two oil and gas projects in the Middle East that the engineering...

Business
Feb 22 2018
Fletcher Building Shares Hit 5-year low

Fletcher Building shares touched their lowest levels in more than five years on Wednesday after the company's first-half results, which were clouded by losses at its...

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Mining
Feb 22 2018
Downer Posts $11.1m Loss

Downer EDI has posted an $11.1 million first-half loss dragged down by a goodwill impairment on its mining operations, writedowns from its freight rail divestment and...

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Business
Feb 19 2018
Formica May be Saleable Asset for Fletcher

Fletcher Building paid US$700 million to buy Formica Corp from private equity owners Cerberus Capital Management and Oaktree Capital Management in 2007.

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Business
Feb 7 2018
Downer Flags $77m Goodwill Impairment Hit

Downer EDI has flagged a goodwill impairment charge of $77 million on its mining operations after failing to renew two material contracts and delays in securing...

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Business
19 Apr, 2016
Sydney Housing Market Causing Hurt

McGrath has had almost a third wiped off its market value after the real estate agent downgraded its earnings outlook, citing a declining Sydney housing market.

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Business
25 Aug, 2015
Lend Lease Full Year Profit Down 25%, Despite Record Pipeline of Projects

Global property developer Lend Lease's development pipeline has hit a record of nearly $45 billion thanks to new projects in Asia and the Americas.

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Business
20 Aug, 2015
NZ: Precinct Properties Expects Earnings Drop

Precinct Properties New Zealand expects earnings per share to fall this year and dividends to remain unchanged as it focuses on development after completing its asset...

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